Norwegian Cruise Line (NCL Corporation Ltd., “Norwegian” or “the Company”) today reported results for the quarter and year ended December 31, 2011.
2011 Company Highlights

Adjusted EBITDA climbs to a record $506.0 million and a margin of 22.8%
Operating income increases 37.1% to $316.1 million
Several major investments to position the Company for future growth and expansion
Launch of new brand platform and advertising campaign

Norwegian Cruise Line posted another year of record results in 2011. Growth in the top line, coupled with operating enhancements, drove improved bottom line results. Operating income increased 37.1% over prior year and Adjusted EBITDA reached a record $506.0 million. “In light of the recent tragedy in Italy, I would first like to extend our sincere thoughts and prayers to those involved and affected,” said Kevin Sheehan, President and Chief Executive Officer. “Looking at 2011, I am pleased to report it was another year of great results. In addition to the impressive financial results for the year, our guest satisfaction scores reached new highs, confirming that our initiatives to continue to improve the vacation experience are resonating with our guests,” continued Sheehan.
In addition to delivering strong results, 2011 was also a year where Norwegian made significant investments in its future. Great Stirrup Cay, the Company’s private island, received major enhancements that included a new marina and welcome pavilion, new and larger dining and bar facilities and a doubling of the beach area with added activities. In April, Norwegian unveiled Partners First, an initiative designed to enhance the Company’s relationship with its

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